RAKCEC 2008Q1 profit AED53m +42%

sharewadi · Posted on Sun 04 May 2008 10:10 by **sharewadi**

RAKCEC Q1 2008 results

RAKCEC 2008 Q1 report

Ras Al Khaimah Ceramics (RAKCEC) profit figures for first quarter 2008 are (EPS annualised in brackets):

2008 Q1 profit = AED 53.3m +41.5% from 2007 Q1, EPS = 0.10 dhs (0.40 )
2007 Q1 profit = AED 37.6m, EPS = 0.07 dhs

EPS figures calculated from Net Profit / 558,379,008 shares outstanding.

RAKCEC share price at close on 30 Apr 2008 was 4.00 dhs, so 2008 estimated PE is about 4.00 / 0.38 = 10.5, based on Q1 earnings, which is somewhat lower than the average market PE of about 16, and could indicate a good share price for a company which expects to expand significantly in the next few years.

Other result and related topics

RAK Ceramics regional growth - GN 27 Nov 07

RAKCEC 2007 FY profit AED 170m +9% 30 Jan 2008
RAKCEC 2007 Q3 report and RAKCEC 2007 M9 report (SW summaries)
RAKCEC 2007 Q1 earnings
RAKCEC 2006 FY profit AED 152m +8% from 2005 - 29 Jan 2007
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